Total metals & mining industry M&A deals in Q2 2019 worth $854.23m were announced in Australia, according to GlobalData’s deals database.
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The value marked a decrease of 1.6% over the previous quarter and a drop of 52.2% when compared with the last four-quarter average of $1.79bn.
Australia held a 13.6% share of the global metals & mining industry M&A deal value that totalled $6.28bn in Q2 2019.
In terms of deal activity, Australia recorded 46 deals during Q2 2019, marking a drop of 9.8% over the previous quarter and a drop of 16.4% over the last four-quarter average.
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By GlobalDataAustralia metals & mining industry M&A deals in Q2 2019: Top deals
The top five metals & mining industry M&A deals accounted for 88.6% of the overall value during Q2 2019.
The combined value of the top five metals & mining industry M&A deals stood at $756.99m, against the overall value of $854.23m recorded for the quarter. The top announced metals & mining industry M&A deal tracked by GlobalData in Q2 2019 was Wesfarmers‘ $546.33m acquisition of Kidman Resources.
In second place was the $116.16m acquisition of MOD Resources by Sandfire Resources and in third place was Macmahon Holdings’ $32.96m acquisition of GF Holdings WA.
The $31.6m stake acquisition of Jupiter Mines by AMCI Euro Holdings and Pantoro South’s asset transaction with Central Norseman Gold for $29.94m held fourth and fifth positions, respectively.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.